10.4 C
Wednesday, March 29, 2023

Pound in biggest monthly fall against the dollar since 2016

UK government bonds – or debt – had their worst month for decades. Investors, worried about the riskiness of lending to the government, demanded higher returns for doing so, making it more expensive for the country to borrow money. In August, the yields, or the effective interest rate you would get, on some of those bonds have jumped the most since 1994.

Source: BBC

Latest news
Related news


Please enter your comment!
Please enter your name here